Raises

Alva Industries has raised €16 million to scale production of its ultra-compact electric motors, the Trondheim based deep-tech company announced on 2 July. The round is led by Nysnø Climate Investments, Sandwater and Emerald Technology Ventures, the latter investing on behalf of the Nabtesco Technology Ventures fund. Existing backers Statkraft Ventures and EnvisionTech also took part.

The Nigeria Democratic Congress (NDC) has raised alarm over the alleged sale of fake nomination forms in Enugu state ahead of the 2027 elections. In a statement issued on Friday, the party’s national publicity secretary, Osa Director, accused John Paul Anih of impersonation and unauthorised activities in the state...

YOLA (Sundiata Post) – Abdulrahman Haske, a frontline aspirant in Thursday’s All Progressives Congress (APC) governorship primaries in Adamawa State, has raised measured concerns over the conduct of the exercise, while reaffirming his commitment to party unity and democratic ideals. In a press interview granted on riday...

Saudi Arabia-based fashion e-commerce startup Aya has secured $7 million (SAR 26 million) in a Series A funding round led by RAED Ventures, with participation from Nuwa Capital, Sanabil Investments (a Public Investment Fund company), Khwarizmi Ventures, Joa Capital, and other investors. Founded in 2024 by Munira Al Kadi and Abdulrahman Al Ammar, Aya operates

In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 million. The raise follows standout returns from its Anthropic stake (invested at $183B, now valued near $800B) and Cursor (backed at

Tension engulfed the national secretariat of the Social Democratic Party (SDP) on Thursday after security operatives stormed the party headquarters shortly after the screening exercise of the party’s former presidential candidate, Prince Adewole Adebayo. Adebayo alleged that the action was part of a coordinated attempt to disrupt the SDP’s presidential...

India's economy is expected to expand 6.6% in FY27, down from an estimated 7.7% in FY26, before accelerating to 7.2% in FY28. The World Bank's forecast comes against the backdrop of a resilient Indian economy. (AFP) The World Bank has marginally raised India's growth forecast for 2026-27 to 6.6% from the 6.5% projected in January

TL;DR Stord raised $250 million at a $3 billion valuation to expand its warehouse network and invest in AI and robotics, aiming to give independent brands the fulfilment speed needed to compete with Amazon. Stord, a logistics technology company that helps retailers manage inventory, checkout, and fulfillment, has raised $250 million in a Series F